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        <title>Underdevelopment by Design: The Metrics of Unequal Exchange</title>
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        <description>Having covered unequal exchange before, we consider in this video whether the phenomenon can be measured using real data. Following the seminal work of Andrea Ricci, it is clear that a substantial amount of value leaves the developing world every year.Narration, script, and editing by M. Animated intro by Jack, co-host of the Auxiliary Statements podcast @AuxStatements on Twitter. Intro music by Charles Tristan: https://soundcloud.com/charles-tristanPatreon: https://www.patreon.com/themarxistpro... Twitter: https://twitter.com/MarxistProjectReference: Andrea Ricci's "Value and Unequal Exchange in International Trade" (2019). 00:00 - 01:23 Background 01:24 - 01:37 Intro 01:38 - 04:11 Unequal Exchange Recap 04:12 - 06:24 Value as a Social Algorithm 06:25 - 08:36 The Model in Brief 08:37 - 10:57 Highlights of the Findings 10:58 - 12:27 Conclusion</description>
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